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Bithumb Changes its Corporate Name to “Bithumb Korea” for Global Expansion


In a recent press release, the biggest cryptocurrency exchange in Korea, Bithumb, announced to change its corporate name to “Bithumb Korea.” BTCKorea.com, which backs Bithumb, plans to replace “BTC” with “Bithumb,” with an expectation that the new brand name will foster a high brand awareness both...

Shinhan Bank of Korea to Develop Blockchain-based Platform for Loan Management


According to the latest reports, Shinhan Bank has entered into a collaboration with SEMAS (Small Business Market Promotion Corporation) for building a blockchain-based platform dedicated to loan management. The platform would streamline the verification process for SMEs that apply for institutional...

Did South Korea Just 'Sentence Blockchain Gaming to Death'?


South Korean gaming industry representatives say that the government may have doomed blockchain gaming to oblivion – after a regulator banned Infinity Star, a game that makes use of Ethereum ERC 721 Non Fungible Tokens (NFTs). Late last week, the Game Rating and Administration Committee (GRAC)...

UN: North Korea Turns Talented Children into Cryptocurrency Hackers


The UN believes that North Korea is training its most talented young IT talents to become elite cryptocurrency hackers – and thinks Pyongyang is a using a fake Hong Kong blockchain company as a front for money laundering schemes. Per South Korean media outlet Chosun, South Korean MP...

Blockchain Banking March Continues Despite S Korea Digital Fiat No-go


Many believe that China’s digital fiat will arrive soon, but South Korea, one of the Middle Kingdom’s closest neighbors, has all but ruled out issuing its own digital token – and states that digital fiats are still a way off. In the private sector, though, the pace of banking innovation just...

Korean Presidential Committee Pushes to Legalize Crypto


A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto...

As China Goes Blockchain, South Korea Pledges New Investment


After China announced its new focus on the blockchain technology last week, South Korea follows suit with additional investments. The country's government will invest some USD 12.8 million in blockchain projects in 2020, the Ministry of Science and ICT has confirmed. Per Fn News, the ministry...

South Korea to Shug off WTO’s ‘Developing Nation’ Tag


In a new development that could set a precedent for many other countries, the government of South Korea today announced that it is going to voluntarily drop the ‘developing’ nation tag at the World Trade Organization. Over the years, there has been a lot of discussion about the fact that there...

PlayDApp Will Unlock the True Potential of Gaming


The blockchain will unlock gaming’s true value Asia's largest blockchain festival 'KBW 2019' main conference 'D. FINE' Kevin Chu "Gamers are already ready to use blockchain technology" Sung-Won Choi PlayDapp Head of Strategy "Share items in different games with blockchain” The post PlayDApp Will...

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